Elevated home prices and a smaller supply of distressed properties have prompted many investors to switch from buying to selling.

It appears that Ethos Lending will enter the non-QM market come October...

Bob Behal, a principal and co-head of ABS and commercial MBS investments at Vanguard Group, said liquidity in the market is fair.

SIFMA did not take a stance on whether g-fees should be adjusted up or down. Instead, the trade group stressed that it is unclear how a change to g-fees would impact non-agency activity.

The MBA argued that the DOL didn’t follow rulemaking procedures in 2010 when the regulator withdrew guidance stating that loan officers could be exempt from overtime compensation requirements...

On its stated-income product, Homewood requires a minimum of three months of bank statements for both business and personal assets.

Some mortgage executives told us privately that residential originations could fall by 20 percent year.

The loan is available in California, Florida, Hawaii and New Jersey, and is slated to be expanded to other states.

Two other major contributors to the deal, George Mason Mortgage and American Pacific Mortgage, are retail-only shops.

Among the four largest holders of first liens, only Bank of America decreased its portfolio in the second quarter.